[cnxvideo id=”625470″ placement=”ros”]The stock market was indicated to open a bit soft on Friday, but this is after two major reversal days after the Trump victory and the Dow hitting new all-time highs. Friday has equity market participation, but the bond market and banks are closed for Veterans Day.
Investors have to act fast since the election, if they wanted to win off the stocks that benefit from Trump and they have seen that the stocks that would win under Clinton have been slaughtered. Even if investors are not that nimble and may have not yet acted, they are still likely looking for new ideas in a market where valuations are high and when interest rates are likely to rise.
24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for our readers. Some of these analyst research reports cover stocks to buy, and others cover stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Friday morning:
Archer Daniels Midland Co. (NYSE: ADM) was downgraded to Underweight from an already cautious Neutral rating and the price target was cut to $36 from $42 (versus $45.18 close) at JPMorgan. ADM shares were indicated down 1% at $44.69 on Friday, with a consensus analyst target price of $45.80 and a 52-week range of $29.86 to $47.88.
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Genworth Financial Inc. (NYSE: GNW) was raised to Buy from Neutral at Compass Point. Shares closed up 0.7% at $4.00 on Thursday and were indicated up 2% at $4.09 on Friday. Its consensus analyst price target was $4.75 and its 52-week trading range is $1.57 to $5.27.
NVIDIA Corp. (NASDAQ: NVDA) was down 3% at $67.77 on Thursday ahead of earnings but was last seen up 13% at $76.65 on Friday’s early indications. Jefferies reiterated its Buy rating and raised its price target to $95 from $80, and it called the stock still its top pick with $5 in earnings per share power ahead. Barclays raised its rating to Equal Weight from Underweight as this growth story has kept getting away from the firm.
Walt Disney Co. (NYSE: DIS) was up 0.3% at $94.96 ahead of earnings, and a slower departure of ESPN customers on earnings had shares indicated up 2% at $96.99 on Friday morning. Merrill Lynch reiterated its Buy rating and $125 price objective. Barclays raised its rating from Underweight to Equal Weight with an $89 price target, and Pivotal Research has downgraded it to Hold from Buy.
SunPower Corp. (NASDAQ: SPWR) was downgraded to Neutral from Buy and the price target was slashed to $7 from $13 at UBS. The stock closed at $6.32 on Thursday, but this was a $7.35 stock before the unexpected Trump upset over Clinton.
While these stocks have continued to move after the post-election rally, 24/7 Wall St. identified 11 of the top winners from the Trump victory and nine of the top losers from Clinton’s loss.
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Other key analyst upgrades and downgrades were seen as follows:
Brookdale Senior Living Inc. (NYSE: BKD) was downgraded to Hold from Buy and the price target was cut to $14 from $29 (versus a $12.52 prior close) at Jefferies. The firm believes that these headwinds make Brookdale an even tougher execution story.
Curtiss-Wright Corp. (NYSE: CW) was downgraded to Neutral from Buy with a $100 price objective (versus a $95.43 close) at Merrill Lynch.
Discovery Communications Inc. (NASDAQ: DISCA) was downgraded to Hold from Buy at Argus, with the firm noting that Discovery investors should expect slower revenue growth in the next few quarters as its subscriber base rationalizes due to cable industry consolidation.
LifePoint Health Inc. (NASDAQ: LPNT) was downgraded to Neutral from Outperform and the price target was cut to $60 from $70 (versus a $53.75 close) at Credit Suisse.
Nutrisystem Inc. (NASDAQ: NTRI) was started as Buy with a $40 price target (versus a $33.95 close) at Argus, with the firm noting that Nutrisystem has a strong outlook as a leading weight-management company.
PAREXEL International Corp. (NASDAQ: PRXL) was downgraded to Hold from Buy and the price target was cut to $60 from $80 (versus a $60.48 close) at SunTrust Robinson Humphrey.
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Perrigo Co. PLC (NASDAQ: PRGO) was raised to Neutral from Underperform at Merrill Lynch, with the firm noting that a strategic review provides some support.
Photronics Inc. (NASDAQ: PLAB) was downgraded to Hold from Buy and the price target was cut to $8.50 from $12.00 (versus a $10.75 close) at Stifel.
Radware Ltd. (NASDAQ: RDWR) was raised to Outperform from Perform with a $16 price target at Oppenheimer.
Restaurant Brands International Inc. (NYSE: QSR) was started as Neutral with a $45 price target (versus a $44.58 close) at Credit Suisse.
Royal Gold Inc. (NASDAQ: RGLD) was started as Neutral with an $86 price target (versus a $72.12 close) at Goldman Sachs.
TASER International Inc. (NASDAQ: TASR) was downgraded to In-Line from Outperform with a $27 price target (versus a $26.82 close) at Imperial Capital. This was after a 13.3% run on Thursday.
Texas Capital Bancshares Inc. (NASDAQ: TCBI) was downgraded to Hold from Buy with a $66 price target at Deutsche Bank.
Tetra Tech Inc. (NASDAQ: TTEK) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.
Vornado Realty Trust (NYSE: VNO) was raised to Buy from Neutral and the price objective was raised to $114 from $108 at Merrill Lynch.
World Point Terminals L.P. (NYSE: WPT) was downgraded to Hold from Buy with a $16 price target (versus a $15.39 close) at Stifel.
Thursday’s top analyst upgrades and downgrades included IBM, Qualcomm, Valeant Pharmaceuticals, Yum China, CSX, DeVry and over a dozen more.
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